Blackstone's GSO raises huge European direct lending fund

Blackstone
By Silas Brown
24 Mar 2020

GSO Capital Partners, the credit unit of private equity firm Blackstone, has raised roughly $4.5bn for its second European direct lending fund, according to an SEC filing. But as the coronavirus pandemic wrecks corporate balance sheets, several sources are concerned with how European companies will fare.

The PE firm began fundraising for its second European direct lending fund over a year ago. Its first fund, GSO European Senior Debt Fund, raised $1.9bn in 2015 and had a four year investment period.

GSO joins a roster of high profile asset managers to raise large sums ...

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